Australian Woman Bags $7.2 Million After Crypto.com Makes an Expensive Error

Australian Woman Bags $7.2 Million After Crypto.com Makes an Expensive Error

  • Cryptocurrency platform crypto.com mistakenly transferred $7.2 million to the wrong person's bank account
  • The woman, Thevamanogari Manivel, bought a mansion in Australia and has now been ordered by a judge to sell the property and pay back the money
  • These details have emerged in a lawsuit between crypto.com and the woman in the Supreme Court of Victoria

New feature: Check out news exactly for YOU ➡️ find “Recommended for you” block and enjoy!

An employee of Crpyto.com punched in the incorrect account number and transferred $7.2 million to Australian woman Thevamanogari Manivel.

crypto
Crypto.com took seven months to realise it had paid $7.2 million to the wrong person. Image: Daniel Harvey Gonzalez/In Pictures via Getty / Stock Getty
Source: UGC

These details emerged in a lawsuit between the crypto currency platform and Thevamanogari Manivel in front of the Supreme Court of Victoria in Australia, the Washing Post reports.

Manivel was supposed to receive $68, but the whopping amount was transferred. She bought a mansion for her sister and transferred hundreds of thousands of dollars to her daughter. The Supreme court has subsequently frozen her bank account.

Read also

Ghanaian Cedi is the third strongest currency in Africa; ignore naysayers – Dr John Kumah

According to the Guardian, it took the cryptocurrency platform seven months to notice the glaring error.

PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app!

The woman's sister lives in Malaysia and didn't reply to a communication from crypto.com's lawyers.

How to get started with Bitcoin in Ghana the easiest way

YEN.com.gh has disclosed in a separate story that for the past months, the value of bitcoin has been on a steady rise. The news about the increase in the market price of bitcoin has boosted the confidence of bitcoin enthusiasts in Ghana.

Adult Ghanaians like many other bitcoin skeptics have always expressed doubts related to the future of bitcoin. Most of the scepticism arises from the high volatility that characterises bitcoin.

However volatile, bitcoin’s value has continued to increase despite all odds. As such, sceptics are gradually becoming enthusiastic about trading bitcoin and bitcoin believers do not regret the risk taken to trade or invest in bitcoin, even though the prices of bitcoin fluctuate constantly.

Read also

Kumasi to become first city in Ghana to get first electric light rail system in Ghana

Interestingly, rethinking and considering the option of venturing into the cryptocurrency space is the new tendency in Ghana. Within this context, the main worry of new converts is how to get started with bitcoin trading. Hence, this article seeks to map out the different considerations relevant for such a venture.

New feature: Check out news exactly for YOU ➡️ find "Recommended for you" block and enjoy!

Source: Briefly.co.za

Online view pixel